Apollo Completes Acquisition of Bridge Investment Group
Apollo (NYSE: APO) has successfully completed its previously announced acquisition of Bridge Investment Group Holdings in an all-stock transaction. Bridge stockholders will receive 0.07081 Apollo shares for each Bridge share, valued at $11.50 per share. As part of Apollo's asset management business, Bridge will maintain its existing brand, management, investment teams, and capital formation team.
The strategic acquisition significantly expands Apollo's real estate business, providing immediate scale in real estate equity and enhancing origination capabilities across growth markets. Bridge, with over 15 years of experience, will leverage Apollo's resources and guidance to expand investment verticals and enhance capital formation capabilities.
Apollo (NYSE: APO) ha completato con successo l'acquisizione precedentemente annunciata di Bridge Investment Group Holdings tramite un'operazione interamente in azioni. Gli azionisti di Bridge riceveranno 0,07081 azioni Apollo per ogni azione Bridge, valutate $11,50 per azione. Nell'ambito dell'attività di gestione patrimoniale di Apollo, Bridge manterrà il proprio marchio, il management, i team di investimento e il team di raccolta capitali.
L'acquisizione strategica amplia in modo significativo il business immobiliare di Apollo, offrendo una scala immediata nel capitale immobiliare e rafforzando le capacità di origine nelle aree di crescita. Bridge, con oltre 15 anni di esperienza, sfrutterà le risorse e l'orientamento di Apollo per ampliare i verticali di investimento e potenziare le capacità di raccolta capitale.
Apollo (NYSE: APO) ha completado con éxito la adquisición previamente anunciada de Bridge Investment Group Holdings en una transacción totalmente en acciones. Los accionistas de Bridge recibirán 0,07081 acciones de Apollo por cada acción de Bridge, valoradas en $11,50 por acción. Como parte del negocio de gestión de activos de Apollo, Bridge conservará su marca, su equipo directivo, los equipos de inversión y el equipo de formación de capital.
La adquisición estratégica amplía significativamente el negocio inmobiliario de Apollo, aportando escala inmediata en capital inmobiliario y mejorando las capacidades de originación en mercados en crecimiento. Bridge, con más de 15 años de experiencia, aprovechará los recursos y la orientación de Apollo para expandir verticales de inversión y reforzar las capacidades de formación de capital.
Apollo (NYSE: APO)는 이전에 발표한 Bridge Investment Group Holdings의 인수를 전액 주식 거래로 성공적으로 완료했습니다. Bridge 주주들은 주당 0.07081 Apollo 주식을 받으며, 이는 주당 $11.50로 평가됩니다. Apollo의 자산운용 사업의 일환으로 Bridge는 기존 브랜드, 경영진, 투자팀 및 자본 조달팀을 유지합니다.
이번 전략적 인수는 Apollo의 부동산 사업을 크게 확대해 부동산 지분에서 즉각적인 규모를 제공하고 성장 시장 전반에서 딜 소싱 역량을 강화합니다. 15년 이상의 경험을 지닌 Bridge는 Apollo의 자원과 지침을 활용해 투자 분야를 확장하고 자본 조달 역량을 향상시킬 예정입니다.
Apollo (NYSE: APO) a finalisé avec succès son acquisition annoncée de Bridge Investment Group Holdings via une transaction entièrement en actions. Les actionnaires de Bridge recevront 0,07081 action Apollo pour chaque action Bridge, valorisées à 11,50 $ par action. Dans le cadre de l'activité de gestion d'actifs d'Apollo, Bridge conservera sa marque, sa direction, ses équipes d'investissement et son équipe de collecte de capitaux.
Cette acquisition stratégique renforce considérablement l'activité immobilière d'Apollo, apportant une échelle immédiate en fonds propres immobiliers et améliorant les capacités d'origination sur les marchés en croissance. Bridge, fort de plus de 15 ans d'expérience, tirera parti des ressources et de l'accompagnement d'Apollo pour élargir ses verticales d'investissement et renforcer ses capacités de collecte de capitaux.
Apollo (NYSE: APO) hat die zuvor angekündigte Übernahme von Bridge Investment Group Holdings in einer reinen Aktientransaktion erfolgreich abgeschlossen. Bridge-Aktionäre erhalten 0,07081 Apollo-Aktien für jede Bridge-Aktie, bewertet mit $11,50 pro Aktie. Im Rahmen von Apollos Asset-Management-Geschäft wird Bridge seine bestehende Marke, das Management, die Investmentteams und das Capital-Formation-Team beibehalten.
Die strategische Akquisition erweitert Apollos Immobiliengeschäft erheblich, verschafft sofortige Größe im Bereich Immobilienkapital und verbessert die Originierungsfähigkeiten in Wachstumsregionen. Bridge, mit über 15 Jahren Erfahrung, wird Apollos Ressourcen und Anleitung nutzen, um Investitionsbereiche zu erweitern und die Kapitalbeschaffungsfähigkeiten zu stärken.
- Strategic expansion of Apollo's real estate business with immediate scale in real estate equity
- Bridge retains existing brand, management, and investment teams, ensuring operational continuity
- Enhanced capital formation and origination capabilities across growth markets
- Potential for expansion and diversification of investment verticals through Apollo's resources
- Integration risks between Apollo and Bridge operations
- Exposure to market conditions, inflation, and interest rate fluctuations as noted in risk factors
- Potential challenges in managing growth and operating in competitive environments
Insights
Apollo's acquisition of Bridge Investment Group adds immediate scale to its real estate equity business while preserving Bridge's operational autonomy.
The completion of Apollo's all-stock acquisition of Bridge Investment Group represents a strategic expansion of Apollo's real estate capabilities. The transaction structure is particularly noteworthy - Bridge will continue operating under its existing brand with its management team intact, functioning as a platform company within Apollo's asset management business. This preservation of Bridge's operational identity suggests Apollo is taking a hands-off integration approach to retain the specialized expertise that made Bridge attractive.
The exchange ratio of 0.07081 Apollo shares for each Bridge share/unit values Bridge at approximately
From a strategic perspective, this transaction addresses a capability gap in Apollo's real estate business, specifically around equity investments. Bridge brings 15+ years of specialized operating expertise in real estate verticals that complement Apollo's existing strengths in real estate debt. The combined platform creates a full-service real estate investment operation capable of deploying capital across the capital structure throughout market cycles.
With Bridge's common stock ceasing trading on the NYSE, former Bridge shareholders now have exposure to Apollo's broader alternative investment platform while potentially benefiting from improved liquidity in Apollo's stock. The presence of multiple financial advisors (BofA, Citi, Goldman Sachs, Morgan Stanley, JP Morgan) and specialized legal counsel indicates the complexity of the transaction and suggests thorough due diligence.
NEW YORK and SALT LAKE CITY, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) and Bridge Investment Group Holdings Inc. (“Bridge”) today announced that Apollo has completed the previously announced acquisition of Bridge in an all-stock transaction. As a platform company within Apollo’s asset management business, Bridge will retain its existing brand, management and investment teams and dedicated capital formation team.
Apollo Partner and Co-Head of Equity David Sambur said, “Completing the acquisition of Bridge marks an important step for Apollo’s real estate business, providing immediate scale in real estate equity and strengthening our ability to originate across secular growth areas of the market. Bridge has built an incredible organization with deep investment talent, specialized operating expertise and strong investor relationships. Combined with our existing real estate capabilities, we believe this positions us to deliver for clients across market cycles with a full-service platform.”
Bridge Executive Chairman Bob Morse said, “Joining Apollo marks an exciting new chapter for Bridge, which enables us to build on the strengths that we have developed over more than 15 years with the resources and strategic guidance of one of the world’s foremost alternative asset managers. With Apollo’s support, we see significant opportunity to expand and diversify our investment verticals, enhance our capital formation capabilities and drive value for our investors. We look forward to working together to build one of the industry’s premier real estate investment franchises.”
Transaction Details
Pursuant to the terms of the transaction, Bridge stockholders and Bridge OpCo unitholders are entitled to receive 0.07081 shares of Apollo stock for each share of Bridge Class A common stock and each Bridge OpCo Class A common unit, respectively, valued by the parties at
Advisors
BofA Securities, Citi, Goldman, Sachs & Co. LLC, Morgan Stanley & Co. LLC and Newmark Group served as financial advisors, Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel and Sidley Austin LLP acted as insurance regulatory counsel to Apollo. J.P. Morgan Securities LLC served as financial advisor to Bridge and Latham & Watkins LLP acted as legal counsel. Lazard served as financial advisor to the special committee of the Bridge Board of Directors and Cravath, Swaine & Moore LLP acted as legal counsel.
Forward-Looking Statements
In this press release, references to “the Company” refer to Apollo Global Management, Inc. and “Apollo,” “we,” “us” and “our” refer collectively to Apollo Global Management, Inc. and its subsidiaries, or as the context may otherwise require. This press release may contain forward-looking statements that are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, discussions related to Apollo’s expectations regarding the benefits of the transaction between Apollo and Bridge, the performance of its business, its liquidity and capital resources and other non-historical statements. These forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. When used in this press release, the words “believe,” “anticipate,” “estimate,” “expect,” “intend,” “target” or future or conditional verbs, such as “will,” “should,” “could,” or “may,” and variations of such words or similar expressions are intended to identify forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. These statements are subject to certain risks, uncertainties and assumptions, including risks relating to inflation, interest rate fluctuations and market conditions generally, international trade barriers, domestic or international political developments and other geopolitical events, including geopolitical tensions and hostilities, the impact of energy market dislocation, our ability to manage our growth, our ability to operate in highly competitive environments, the performance of the funds we manage, our ability to raise new funds, the variability of our revenues, earnings and cash flow, the accuracy of management’s assumptions and estimates, our dependence on certain key personnel, our use of leverage to finance our businesses and investments by the funds we manage, the ability of Athene Holding Ltd. (“Athene”) to maintain or improve financial strength ratings, the impact of Athene’s reinsurers failing to meet their assumed obligations, Athene’s ability to manage its business in a highly regulated industry, changes in our regulatory environment and tax status, and litigation risks, among others. We believe these factors include but are not limited to those described under the section entitled “Risk Factors” in the Company’s annual report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on February 24, 2025, as such factors may be updated from time to time in the Company’s periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in the Company’s other filings with the SEC. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law.
About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2025, Apollo had approximately
About Bridge
Bridge Investment Group is an affiliate of Apollo (NYSE: APO) and a leading alternative investment manager, diversified across specialized asset classes, with approximately
Contacts
For Apollo:
Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
212-822-0540
Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
212-822-0491
For Bridge:
Bonni Rosen Salisbury
Head of Shareholder Relations
Bridge Investment Group Holdings Inc.
shareholderrelations@bridgeig.com
Charlotte Morse
Head of Investor Relations and Marketing
Bridge Investment Group Holdings Inc.
(877) 866-4540
H/Advisors Abernathy
Dan Scorpio
(646) 899-8118
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